What Is One of the Major Advantages of Using Qualitative

question 34

Multiple Choice

What is one of the major advantages of using qualitative historical research methods compared to other qualitative forms of data collection?

• A)It is nonreactive.
• B)Data collection allows the researcher to formulate a deep understanding of a group and its members.
• C)It is limited by the availability and quality of documents and data.
• D)Using existing sources frees up the immense amount of time that the data collection procedure can take.
• E)It does not involve a sampling phase.

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Definitions:

Variable Costs

Expenses that change in proportion to the level of business activity or production volume, such as materials and labor costs.

EMV

Stands for Expected Monetary Value, a concept in risk management used to calculate the average outcome when the future includes scenarios that may or may not happen.

Setup Costs

The expenses involved in configuring a production process or equipment before manufacturing a new batch or type of product.

Variable Costs

Expenses that change in proportion to the level of production or business activity, such as raw materials, labor, and energy costs.